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220520 GOLD-Noon

by | May 22, 2020 | GOLD | 0 comments

GCMAsia-GOLD
GOLD
GOLD
2020-05-22

GOLD_, H1: Gold price was traded lower following prior retracement from the resistance level at 1730.75. However, MACD which illustrated increasing bullish momentum suggest the commodity to be traded higher in short-term as technical correction.

 

Resistance level: 1730.75, 1749.35

Support level: 1717.90, 1709.00